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Thanks Jayson.
Jayson wrote:
> Ron,
> love you opening line!! Chuck Lebeau over at
> http://www.traderclub.com/ has done a lot of work with ATR and a
> very similar indicator to what you present. IMO it is tough to use ATR
> as a strict stop BUT in conjunction with other TA it can be a very
> powerful confirmation....
>
>
> Jayson
>
> -----Original Message-----
> From: Ron [mailto:ronber@xxxxxxxxxxxxx]
> Sent: Saturday, October 19, 2002 4:46 PM
> To: Metastockusers@xxxxxxxxxxxxxxx
> Subject: Re: [Metastockusers] Average Daily Range
>
> Not knowing anything about what I was doing, but having the confidence
> gained by my ignorance and sustained by nothing much better to do, after
> reading this thread I created an upper and lower band
> Upper:C+ATR(21)
> Lower:C-ATR(21).
>
> It appears that when I drop them on a price plot, if I ratchet my stops
> up staying just outside(below) the lower band I'm kept in a trade for
> most of the run I would want. Likewise, as the upper band approaches my
> target, it seems I need to give some serious consideration about staying
> with the trade or perhaps tightening my stops even further. In some
> cases parabolic SAR seems to have the same sort of results.
>
> Is this at all worthwhile?
>
> Ron
>
>
>
> wavemechanic wrote:
>
> > Thanks. Will play with this with/without Raff, etc. Sounds like
> > something of value could be here.
> >
> > ----- Original Message -----
> > From: Jayson <mailto:jcasavant@xxxxxxxxxxxx>
> > To: Metastockusers@xxxxxxxxxxxxxxx
> > <mailto:Metastockusers@xxxxxxxxxxxxxxx>
> > Sent: Friday, October 18, 2002 2:03 PM
> > Subject: RE: [Metastockusers] Average Daily Range
> >
> > Bill,
> > it depends on your trading time frame but for short term swing
> > trades I gravitate towards atr(14). I use ATR to determine if the
> > current move is inside or outside of the stocks "comfort Zone". My
> > pivot studies are done in DT and used for target analysis, but
> > your concept holds interesting possibilities. are you suggesting a
> > barcount setting from the last pivot point?
> >
> > I have not compared the approach to raff et al but they seem to be
> > more suited as support resistance indicators where the ATR study
> > may better lead you towards a hard or soft approach to one of the
> > their violations.
> >
> > Example Your Raff study shows you to be at or near a resistance
> > level. As the stock moves towards this study line you note that
> > your expected daily range could very well be several points
> > outside that study line. This might encourage you to take a "soft"
> > approach to the Raff Signal. this is all off the top of my head
> > and deserves more thought.
> >
> >
> > Jayson
> >
> > -----Original Message-----
> > From: wavemechanic [mailto:wd78@xxxxxxxxxxxx]
> > Sent: Friday, October 18, 2002 12:16 PM
> > To: Metastockusers@xxxxxxxxxxxxxxx
> > Subject: Re: [Metastockusers] Average Daily Range
> >
> > Jayson:
> >
> > What have you found are good period settings for historical? Have
> > you looked at using this from pivots as opposed to intraday
> > moves? Have you compared this approach to using Raff, std. dev.
> > and such? Just some thoughts as I have not followed ATR intraday,
> > but having been using the other constructions.
> >
> > Bill
> >
> > ----- Original Message -----
> > From: Jayson <mailto:jcasavant@xxxxxxxxxxxx>
> > To: Metastockusers@xxxxxxxxxxxxxxx
> > <mailto:Metastockusers@xxxxxxxxxxxxxxx>
> > Sent: Friday, October 18, 2002 11:44 AM
> > Subject: RE: [Metastockusers] Average Daily Range
> >
> > Lionel,
> >
> > the KISS principal ! on my RT charts I take it a step
> > further and calculate the percentage of the days move as it
> > relates to historical percentage. this is very handy as at a
> > glance I can see if the current move is note worthy. ATR is a
> > very powerful tool
> >
> >
> > Jayson
> >
> > -----Original Message-----
> > From: Lionel Issen [mailto:lissen@xxxxxxxxxxxxxx]
> > Sent: Friday, October 18, 2002 11:18 AM
> > To: Metastockusers@xxxxxxxxxxxxxxx
> > Subject: RE: [Metastockusers] Average Daily Range
> >
> > Jason:
> >
> > Thanks for this tip. I should have thought of it.
> > Like many good ideas, it fairly simple to use and obvious once
> > you see it.
> >
> > Lionel
> >
> >
> > -----Original Message-----
> > From: Jayson [mailto:jcasavant@xxxxxxxxxxxx]
> > Sent: Friday, October 18, 2002 9:46 AM
> > To: Metastockusers@xxxxxxxxxxxxxxx
> > Subject: RE: [Metastockusers] Average Daily Range
> >
> > Of course. Setting a 3% stop loss on a stock whose ATR is 5+%
> > may very well result in getting stopped out during the normal
> > trading day. Setting your stop loss to reflect a more
> > realistic range for each stock will help keep you in the
> > trade. rather than a flat ATR number I like to relate atr to
> > the stocks trading price. (ATR/close)*100 will present a
> > percentage reading of the ATR where you will see the
> > historical daily percentage price swing of the stock. this may
> > be useful for determining your stop. when tied to visible
> > support/resistance levels you may better judge the viability
> > of a given trade......
> >
> >
> > Jayson
> >
> > -----Original Message-----
> > From: moishe73 [mailto:mbuchalt@xxxxxxxxxxxxxxx]
> > Sent: Friday, October 18, 2002 9:14 AM
> > To: Metastockusers@xxxxxxxxxxxxxxx
> > Subject: [Metastockusers] Average Daily Range
> >
> > Would knowing the Average Daily Range be helpful in setting
> > Stop Loss
> > limits instead of arbitrary limits? If so, what would the
> > formula
> > look like?
> >
> >
> >
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